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Saturday, June 23, 2012

State-Of-The-World: Brutal Hangover is Inevitable

I thought it timely to share a recent 2012 commencement speech at UCLA as primer to a planned work in progress entitled “The State of Humanity.” The video is from the 2012 UCLA Department of Economics Commencement featuring Dr. Michael J. Burry as keynote speaker. Brought to my attention by the pen of ghostwriter “Tyler Durden” at Zero Hedge, who introduced the speech brilliantly as follows:

“Infamous for his prediction of the great recession, Europe's demise, and the collapse of the US financial system (as well as profiting extremely handsomely from said predictions), so well captured in Michael Lewis' book "The Big Short", UCLA's Dr. Michael Burry undertakes UCLA's Economics Department's commencement speech with much aplomb. In this "age of infinite distraction", the astounding truthiness of this 15 minute speech is stunning from single-sentence summation of Europe's convulsions that "when the entitled elect themselves, the party accelerates, and the brutal hangover is inevitable" he reminds us that Californians, and indeed all Americans, should take note. A quarter-of-an-hour well spent from a self-described 'chicken-little' who was "just trying to figure it all out.”

Dr. Michael J. Burry at UCLA Economics Commencement

Found originally at Zero-Hedge, where you can participate and read their communities varied comments and opinions.

Alternatively, you may watch it, participate, and review the comments and opinions at the YouTube community.